Arrow Electronics Files 2024 Annual Report

TL;DR

Arrow Electronics filed its 2024 10-K. All systems go.

AI Summary

Arrow Electronics, Inc. filed its 10-K for the fiscal year ending December 31, 2024, on February 11, 2025. The filing provides a comprehensive overview of the company's financial performance and business operations. Key financial data and disclosures are presented, including details on assets, liabilities, and income/expense items.

Why It Matters

This 10-K filing provides investors and stakeholders with crucial financial information and insights into Arrow Electronics' performance and strategic direction for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant new risks.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the reporting period for the financial statements.)
• 2024 — Fiscal Year (The year for which the financial performance is being reported.)

Key Players & Entities

• ARROW ELECTRONICS, INC. (company) — Filer
• 20241231 (date) — Fiscal Year End
• 20250211 (date) — Filing Date
• CENTENNIAL, CO (location) — Business Address

FAQ

Key Financial Figures

• $1 — ange on which registered Common Stock, $1 par value ARW New York Stock Exchan

Filing Documents

• arw-20241231x10k.htm (10-K) — 3820KB
• arw-20241231xex10dlx.htm (EX-10.L(X)) — 115KB
• arw-20241231xex10dlxi.htm (EX-10.L(XI)) — 138KB
• arw-20241231xex10dn.htm (EX-10.(N)) — 710KB
• arw-20241231xex19.htm (EX-19) — 69KB
• arw-20241231xex21.htm (EX-21) — 156KB
• arw-20241231xex23.htm (EX-23) — 4KB
• arw-20241231xex31dia.htm (EX-31.IA) — 13KB
• arw-20241231xex31dib.htm (EX-31.IB) — 13KB
• arw-20241231xex32di.htm (EX-32.I) — 7KB
• arw-20241231xex32dii.htm (EX-32.II) — 7KB
• arw-20241231x10k001.jpg (GRAPHIC) — 48KB
• 0001558370-25-000781.txt ( ) — 17056KB
• arw-20241231.xsd (EX-101.SCH) — 79KB
• arw-20241231_cal.xml (EX-101.CAL) — 79KB
• arw-20241231_def.xml (EX-101.DEF) — 346KB
• arw-20241231_lab.xml (EX-101.LAB) — 836KB
• arw-20241231_pre.xml (EX-101.PRE) — 594KB
• arw-20241231x10k_htm.xml (XML) — 3366KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 22 Item 1C. Cybersecurity 22 Item 2.

Properties

Properties 23 Item 3.

Legal Proceedings

Legal Proceedings 23 Item 4. Mine Safety Disclosures 23 PART II Item 5. Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 23 Item 6. [Reserved] 26 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 45 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 84 Item 9A.

Controls and Procedures

Controls and Procedures 84 Item 9B. Other Information 86 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 86 PART III Item 10. Directors, Executive Officers and Corporate Governance 86 Item 11.

Executive Compensation

Executive Compensation 86 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 87 Item 13. Certain Relationships and Related Transactions, and Director Independence 87 Item 14. Principal Accounting Fees and Services 87 PART IV Item 15. Exhibits and Financial Statement Schedules 88 Item 16. 10-K Summary 96

Signatures

Signatures 97 2 Table of Contents ARROW ELECTRONICS, INC. Glossary of Selected Abbreviated Terms* Abbreviated Term Defined Term AFC Arrow Electronics Funding Corporation ASU Accounting Standard Update CIO Chief Information Officer CODM Chief Operating Decision Maker Compensation Committee Compensation Committee of the company's Board of Directors CSO Chief Security Officer CTA Foreign Currency Translation Adjustment EAR U.S. Export Administration Regulations ECS Enterprise Computing Solutions EMEA Europe, the Middle East, and Africa EMS Electronics Manufacturing Services FASB Financial Accounting Standards Board FDII Foreign-Derived Intangible Income GAAP Generally Accepted Accounting Principles GILTI Global Intangible Low-Taxed Income IP&E Interconnect, Passive and Electromechanical IRS Internal Revenue Service ISOs Incentive Stock Options IT Information Technology MSPs Managed Service Providers NYSE New York Stock Exchange OECD Organization for Economic Co-operation and Development OEMs Original Equipment Manufacturers OFAC Office of Foreign Assets Controls Omnibus Plan Arrow Electronics, Inc. 2004 Omnibus Incentive Plan S&P 400 MidCap Stock Index Standard & Poor's MidCap 400 Index SEC Securities and Exchange Commission SERP Supplemental Executive Retirement Plan SOFR Secured Overnight Financing Rate U.S. or United States United States of America VARs Value-Added Resellers * Terms used, but not defined, within the body of the Form 10-K are defined in this Glossary. 3 Table of Contents PART I

Business

Item 1. Business . Arrow Electronics, Inc. (the "company" or "Arrow") sources and engineers technology for thousands of leading manufacturers, service providers, and users of enterprise computing solutions. The company has one of the world's broadest portfolios of product offerings available from leading electronic components and enterprise computing solutions suppliers. Coupled with a range of services, solutions, and software, the company helps industrial and commercial customers introduce innovative products, reduce their time to market, and enhance their overall competitiveness. Arrow was incorporated in New York in 1946. Arrow's diverse worldwide customer base consists of OEMs, VARs, MSPs, EMS providers, and other commercial customers. These customers include manufacturers of products serving industries including industrial, automotive and transportation, telecommunications, and consumer electronics, among others. The company has two reportable segments, global components and global ECS. The company distributes electronic components to OEMs and EMS providers through its global components reportable segment and provides enterprise computing solutions to VARs and MSPs through its global ECS reportable segment. The company maintains over 140 sales facilities and 36 distribution and value-added centers, serving over 85 countries. For 2024, approximately 72% of the company's sales were from the global components reportable segment, and approximately 28% of the company's sales were from the global ECS reportable segment. The financial information about the company's reportable segments and geographic operations is found in Note 16 to the consolidated financial statements. The company has operations in each of the three largest electronics markets; the Americas; the EMEA; and the Asia/Pacific regions. Arrow's business strategy is to be the premier, technology-centric, go-to-market and supply chain services company. The company's portfolio is designed to enable tec

View Full Filing

View this 10-K filing on SEC EDGAR